Markets, business, and economic intelligence for Southeast Asia
SOUTHEAST ASIA EDITIONPrivate credit, funds, and the global financial firms whose moves ripple into the region.
A new Deloitte forecast projects Asia Pacific's financial services industry will generate 4.8 trillion dollars in economic value by 2035, overtaking the United States, with China expected to lead the region on both scale and innovation as its economy and household wealth keep expanding.
Tim ·
Bank Indonesia is extending its domestic payment network into credit cards through a system called Kartu Kredit Indonesia, working with local banks to keep transactions onshore. It is a quiet but pointed move to loosen the grip of the American card giants on Southeast Asia's largest economy.
Tim ·
Holdings of short-term corporate debt at Japanese firms have doubled in two years to a 17-year high. It is a small, technical shift with a large meaning, the return of active cash management to a country that spent a generation with no reason to bother.
Tim ·
Citigroup and JPMorgan are joining Japan to co-finance 4.61 billion dollars of gas-fired power plants in Pennsylvania and Texas. It is the first time American banks have taken part in Tokyo's vast investment pledge to the United States, and it shows where Japanese capital is being steered.
Tim ·
The Jardine Matheson property arm is paying about 900 million dollars for Wheelock Place, using a new Singapore fund backed by Qatar's sovereign wealth to plant its flag on the city's most famous shopping street. It is the clearest sign yet that global capital still sees Singapore commercial property as a place to park serious money.
Tim ·
Bain Capital has realized roughly 17 billion dollars from unwinding its position in Kioxia, the memory chipmaker it carved out of Toshiba in 2018. By Nikkei's reckoning it is the largest private equity return ever booked in Japan, and it is a signal to every fund eyeing Asian carve-outs.
Tim ·
